How large will your retirement account be in 30 years

Assignment Help Finance Basics
Reference no: EM13297743

You are to make monthly deposits of $400 into a reirement account that pays 10.5 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years? Please show all work, thanks!

Reference no: EM13297743

Questions Cloud

Determine what is the actual entropy at the turbine exit : The steam flow rate entering the pipe is 2500kg/hr. Due to heat loss from the pipe to the surrounding air (at 25 C) 20 kg/hr of condensate is formed in the pipe and removed at the end of the pipe.
Determine speed of sliding on smooth plane just after impact : If they are sliding on a smooth horizontal plane with the velocities shown, determine their speeds just after impact. The coefficient of restitution between them is e = 0.6. Disks A and B have a mass of 16kg and 11kg , respectively.
How fast will each charge be moving : Consider two identical 25-micro-coulomb point charges, each of 18 mg mass. Let them initially be at rest, 80 cm apart. How fast (in m/s) will each charge be moving when the charges are very far apart
What is the hospital underlying cost structure : General hospitals, a not-for-profit acute facility, has estimate the following cost fir its inpatient services: Fixed costs: $10,000,000 Variable cost per inpatient day.
How large will your retirement account be in 30 years : If your first deposit will be made one month from now, how large will your retirement account be in 30 years? Please show all work, thanks!
Determine the initial velocity of the hanging mass : A string is wound around a metal wheel that is free to spin on a frictionless pivot. A hanging mass is connected to the other end of the string, What is the initial velocity of the hanging mass
What is the internal rate of return used to reach decision : The cost to build the motel is estimated at  $8,000,000; Value Lodges estimates furnishings for the motel will cost an additional $700,000 and will require replacement every 5 years.  Annual operating and maintenance costs for the motel are estima..
What is her holding period return : Christy purchased 100 shares of Good Idea stock for $48 last year. Yesterday she sold the stock for $45. If she received $4 in dividends during the time she held the security, what is her holding period return? a. 2.08% b. 8.30% c. -6.30% d. 14.60..
Determine maximum amount fabco should be willing to pay : Fabco, Inc., is considering purchasing flow valves that will reduce annual operating costs by $10,000 per year for the next 12 years. Fabco's MARR is 7 percent/year. Using an internal rate of return approach

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd